Capricorn Metals' Karlawinda Gold Project reported a positive quarter of operations, producing 30,399 ounces of gold.

This brings the half-year production to 60,099 ounces, putting the company on track to meet its FY24 guidance of producing 115,000-125,000 ounces of gold.

The company's cash and gold on hand at the end of December 2023 was $160.1 million, increasing by $26.5 million from the prior quarter after a payment of $1.7 million for accommodation units at the Mt Gibson Gold Project.

The company committed to purchase 400 accommodation units for the project after obtaining regulatory approval.